IIIPI develops template for IPs to report Avoidance Transactions to NCLT
Indian Institute of Insolvency Professionals of ICAI (IIIPI) has designed a template that Insolvency Professionals (IPs) can undertake to report ‘Avoidance Transactions’ to the Nationwide Firm Legislation Tribunal (NCLT). The ‘Template’ — which is recommendatory— is aimed to facilitate the submitting of Avoidance Transaction petitions earlier than NCLTs, to make sure uniformity and in expediting … Read more